Atlas Capital Advisors Inc. Buys Shares of 56,003 Banco Santander, S.A. (NYSE:SAN)

Key Points

• Atlas Capital Advisors Inc. has established a new position in Banco Santander, S.A., acquiring 56,003 shares valued at approximately $375,000 during the first quarter of the year.
• Banco Santander recently reported $0.22 earnings per share, falling short of the consensus estimate of $0.26, despite exceeding revenue expectations with $17.83 billion for the quarter.
• Several analysts have issued mixed ratings on Banco Santander, with two analysts rating it as a hold, three as buy, and one as a strong buy, resulting in an average rating of "Moderate Buy."

Atlas Capital Advisors Inc. bought a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 56,003 shares of the bank's stock, valued at approximately $375,000.

Several other institutional investors have also recently made changes to their positions in the business. HBK Sorce Advisory LLC grew its position in shares of Banco Santander by 9.8% during the first quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank's stock worth $129,000 after purchasing an additional 1,711 shares in the last quarter. WealthCollab LLC grew its holdings in Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after buying an additional 2,028 shares in the last quarter. May Hill Capital LLC grew its holdings in Banco Santander by 12.8% during the 1st quarter. May Hill Capital LLC now owns 21,917 shares of the bank's stock valued at $147,000 after buying an additional 2,481 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in Banco Santander by 6.5% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,236 shares of the bank's stock valued at $303,000 after buying an additional 2,755 shares in the last quarter. Finally, Lido Advisors LLC grew its holdings in Banco Santander by 9.7% during the 4th quarter. Lido Advisors LLC now owns 36,699 shares of the bank's stock valued at $167,000 after buying an additional 3,234 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Trading Up 0.8%

Shares of SAN stock traded up $0.07 on Tuesday, reaching $9.39. 2,854,533 shares of the company's stock were exchanged, compared to its average volume of 5,362,309. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $9.42. The stock has a market capitalization of $139.77 billion, a PE ratio of 10.43, a P/E/G ratio of 1.04 and a beta of 1.06. The company's fifty day simple moving average is $8.45 and its 200 day simple moving average is $7.30.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. The business had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. As a group, sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup assumed coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating for the company. Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Banco Santander currently has an average rating of "Moderate Buy".

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.